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Innovative App De-Mystifies Debt-To-Income Ratios Helping To Enhance Your Credit Scores
By Kamau Austin
Timothy Griggs, an accomplished entrepreneur in mortgages and real estate,
is troubled with how debt hinders or marginalizes even his potential
high income clients looking to buy real estate. According to an Oct
2019 article Of Make It On CNBC "Real estate is still the best
investment you can make today, millionaires say...". Timothy is moved
to create a tech solution to current credit and wealth creation
problems.
Griggs is the Founder of The Good Steward, financial
system (TGS), a mobile app that helps subscribers keep on top of their
financial affairs. He is a mortgage broker with over 20 years
experience and real estate investor. And his tech innovation is a
timely tool for those looking to drive insightfully on the road to
financial success.
Griggs often alludes to the fact that whether
you are looking to buy your 1st home or rental properties you have to
watch your debt-to-income ratio (DTI). Of course developing a good
debt-to-income ratio is essential to utilizing a viable credit score and
therefore geared towards buttressing financial success for most of us
in the process.
However, understanding the
protocols and algorithms on credit scores and debt-to-income ratio
calculations is a mystery to many people. Nevertheless, app visionary
Timothy Griggs, looks to demystify and harness the protocols and
algorithms that inform debt-to-income ratios, credit scores, and
ultimately mortgage/loan approvals to empower you towards your financial
goals.
However, before we can truly
appreciate what Timothy Griggs, and his TGS app, brings to the table
let's take a look at how debt can hurt or help you.